Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stake Raised by Trillium Asset Management LLC

Key Points

• Trillium Asset Management LLC increased its stake in Bright Horizons by 3.9% during Q1, owning 295,631 shares valued at approximately $37.56 million.
• Bright Horizons reported a 12-month revenue increase of 9.2% year-over-year, with quarterly earnings of $1.07 EPS, surpassing analysts' expectations.
• Several hedge funds, including T. Rowe Price and Millennium Management, significantly increased their positions in Bright Horizons, indicating growing institutional interest.

Trillium Asset Management LLC grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 295,631 shares of the company's stock after acquiring an additional 11,087 shares during the period. Bright Horizons Family Solutions comprises 1.1% of Trillium Asset Management LLC's holdings, making the stock its 27th biggest position. Trillium Asset Management LLC owned about 0.52% of Bright Horizons Family Solutions worth $37,557,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. SG Americas Securities LLC lifted its stake in shares of Bright Horizons Family Solutions by 355.6% in the 1st quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock valued at $1,415,000 after purchasing an additional 8,694 shares during the period. Impax Asset Management Group plc raised its position in Bright Horizons Family Solutions by 13.8% during the first quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock worth $3,690,000 after acquiring an additional 3,514 shares during the period. Stephens Investment Management Group LLC raised its position in Bright Horizons Family Solutions by 9.9% during the first quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company's stock worth $77,855,000 after acquiring an additional 55,115 shares during the period. Bessemer Group Inc. raised its position in Bright Horizons Family Solutions by 4.3% during the first quarter. Bessemer Group Inc. now owns 289,884 shares of the company's stock worth $36,826,000 after acquiring an additional 11,967 shares during the period. Finally, Barclays PLC raised its position in Bright Horizons Family Solutions by 57.5% during the fourth quarter. Barclays PLC now owns 30,272 shares of the company's stock worth $3,355,000 after acquiring an additional 11,057 shares during the period.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.99, for a total transaction of $128,990.00. Following the completion of the transaction, the chief operating officer directly owned 28,449 shares in the company, valued at $3,669,636.51. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elizabeth J. Boland sold 3,500 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total value of $462,560.00. Following the transaction, the chief financial officer owned 80,162 shares of the company's stock, valued at approximately $10,594,209.92. The trade was a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,282 shares of company stock valued at $2,212,923. 1.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BFAM shares. Jefferies Financial Group cut shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and reduced their target price for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley reduced their target price on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $137.75.

Bright Horizons Family Solutions Trading Up 2.0%

Shares of NYSE:BFAM traded up $2.42 during trading on Friday, reaching $121.40. 533,448 shares of the stock were exchanged, compared to its average volume of 739,457. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.60 and a current ratio of 0.56. Bright Horizons Family Solutions Inc. has a 12-month low of $103.75 and a 12-month high of $141.90. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 39.80 and a beta of 1.34. The firm's 50-day moving average price is $119.03 and its 200 day moving average price is $122.11.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%. The firm had revenue of $731.57 million during the quarter, compared to analysts' expectations of $724.32 million. During the same quarter in the prior year, the business earned $0.88 EPS. Bright Horizons Family Solutions's quarterly revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.